DFVE vs. EMTY
DFVE (Doubleline Fortune 500 Equal Weight ETF) and EMTY (ProShares Decline of the Retail Store ETF) are both exchange-traded funds - DFVE is a Large Cap Blend Equities fund tracking the Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross, while EMTY is a Inverse Equities fund tracking the Solactive-ProShares Bricks and Mortar Retail Store Index (-100%). Both are passively managed. Over the past year, DFVE returned 25.75% vs -0.27% for EMTY. Their -0.74 correlation means they have often moved in opposite directions in the past. DFVE charges 0.20%/yr vs 0.66%/yr for EMTY.
Performance
DFVE vs. EMTY - Performance Comparison
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Returns By Period
In the year-to-date period, DFVE achieves a 15.30% return, which is significantly higher than EMTY's -2.27% return.
DFVE
- 1D
- -0.28%
- 1M
- 1.35%
- 6M
- 10.99%
- YTD
- 15.30%
- 1Y
- 25.75%
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
- ALL TIME*
- 18.09%
EMTY
- 1D
- 0.53%
- 1M
- -0.72%
- 6M
- 2.65%
- YTD
- -2.27%
- 1Y
- -0.27%
- 3Y*
- -3.37%
- 5Y*
- -3.08%
- 10Y*
- —
- ALL TIME*
- -11.36%
Liquidity Comparison
| Position | Avg. Volume Value (2W) | Avg. Volume Value (1M) | Avg. Volume Value (3M) |
|---|---|---|---|
| $74.40K | $88.82K | $191.24K | |
| $18.44K | $30.35K | $49.16K |
DFVE vs. EMTY - Yearly Performance Comparison
| 2026 (YTD) | 2025 | 2024 | |
|---|---|---|---|
DFVE Doubleline Fortune 500 Equal Weight ETF | 15.30% | 14.51% | 14.66% |
EMTY ProShares Decline of the Retail Store ETF | -2.27% | -1.76% | -7.33% |
Correlation
The correlation between DFVE and EMTY is -0.69, meaning they have often moved in opposite directions in the past. This relationship can weaken or reverse as market conditions change.
| Correlation | |
|---|---|
Correlation (1Y) Focuses on recent behavior, but can change the most. | -0.69 |
Correlation (All Time) Calculated using the full available price history since Feb 1, 2024 | -0.74 |
The correlation between DFVE and EMTY has been stable across timeframes, ranging from -0.74 to -0.69 - a consistent structural relationship.
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Return for Risk
DFVE vs. EMTY — Risk / Return Rank
DFVE
EMTY
DFVE vs. EMTY - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Doubleline Fortune 500 Equal Weight ETF (DFVE) and ProShares Decline of the Retail Store ETF (EMTY). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| DFVE | EMTY | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +1.93 | ||
| Sortino ratioReturn per unit of downside risk | +2.69 | ||
| Omega ratioGain probability vs. loss probability | 1.34 | 1.01 | +0.33 |
| Calmar ratioReturn relative to maximum drawdown | 3.05 | -0.04 | +3.10 |
| Martin ratioReturn relative to average drawdown | 11.31 | -0.09 | +11.40 |
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Drawdowns
DFVE vs. EMTY - Drawdown Comparison
The maximum DFVE drawdown since its inception was -19.43%, smaller than the maximum EMTY drawdown of -77.62%. Use the drawdown chart below to compare losses from any high point for DFVE and EMTY.
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Drawdown Indicators
| DFVE | EMTY | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -19.43% | -77.62% | +58.19% |
Max Drawdown (1Y)Largest decline over 1 year | -7.79% | -13.91% | +6.12% |
Max Drawdown (3Y)Largest decline over 3 years | — | -30.83% | — |
Max Drawdown (5Y)Largest decline over 5 years | — | -30.83% | — |
Current DrawdownCurrent decline from peak | -1.24% | -75.61% | +74.37% |
Average DrawdownAverage peak-to-trough decline | -2.63% | -54.65% | +52.02% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 2.10% | 6.54% | -4.44% |
Volatility
DFVE vs. EMTY - Volatility Comparison
The current volatility for Doubleline Fortune 500 Equal Weight ETF (DFVE) is 3.01%, while ProShares Decline of the Retail Store ETF (EMTY) has a volatility of 6.54%. This indicates that DFVE experiences smaller price fluctuations and is considered to be less risky than EMTY based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| DFVE | EMTY | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 3.01% | 6.54% | -3.53% |
Volatility (6M)Calculated over the trailing 6-month period | 8.95% | 13.79% | -4.84% |
Volatility (1Y)Calculated over the trailing 1-year period | 12.57% | 18.41% | -5.84% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 15.28% | 22.46% | -7.18% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 15.28% | 25.60% | -10.32% |
DFVE vs. EMTY - Expense Ratio Comparison
DFVE has a 0.20% expense ratio, which is lower than EMTY's 0.66% expense ratio.
Dividends
DFVE vs. EMTY - Dividend Comparison
DFVE's dividend yield for the trailing twelve months is around 1.36%, less than EMTY's 3.33% yield.
| Position | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
DFVE Doubleline Fortune 500 Equal Weight ETF | 1.36% | 1.52% | 1.53% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
EMTY ProShares Decline of the Retail Store ETF | 3.33% | 3.83% | 6.00% | 4.41% | 0.65% | 0.00% | 0.07% | 0.82% | 0.62% | 0.03% |
Frequently Asked Questions
DFVE and EMTY have a correlation of -0.69, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EMTY has higher volatility (6.54%) compared to DFVE (3.01%). In terms of maximum drawdown, DFVE dropped -19.43% vs EMTY's -77.62%.
On 1-year performance, DFVE leads with 25.75% vs -0.27% for EMTY. On fees, DFVE is cheaper at 0.20% per year. On volatility, DFVE has been the lower-risk option at 3.01%. The better choice depends on whether you care most about return, fees, risk, or income.
Over the 1-year period, DFVE has performed better with a 25.75% return vs -0.27%. Past performance does not guarantee future results, so compare this with risk, fees, and fund exposure.
DFVE is cheaper with a 0.20% expense ratio, compared with 0.66% for EMTY.
EMTY has the higher dividend yield at 3.33%, compared with 1.36% for DFVE.
DFVE is categorized as Large Cap Blend Equities, while EMTY is Inverse Equities. DFVE tracks Barclays Fortune 500 Equal Weighted Index - Benchmark TR Gross, while EMTY tracks Solactive-ProShares Bricks and Mortar Retail Store Index (-100%). They also come from different issuers: DoubleLine and ProShares. Their fees differ too: 0.20% for DFVE and 0.66% for EMTY.
DFVE currently has the higher Sharpe Ratio (1.90 vs -0.03), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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